AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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A new multi-state monitoring network using unique diagnostic tools is hard at work, identifying herbicide-resistant weed populations faster so farmers can get a leg up on control before the problem gets totally out of hand.
Corn and soybeans try to bounce Wednesday morning. Vince Boddicker with Farmers Trading Company says some of this is short covering or corrective buying as the market was oversold but he’s not sure the bearish USDA news is all digested.
Go ahead and put off transition planning, training the next generation, handing over responsibility or starting a new venture. It’s a decision, but it’s probably not a good one. It’s time to get going.
The court issued more rulings Wednesday but did not act in the tariffs case, which was argued on Nov. 5.
Brazil has officially surpassed the U.S. as the world’s top beef producer. With U.S. production down 3.9%, analysts point to Brazil’s feed capacity and rising imports as key drivers of this historic market shift.
Brian Grete with Commstock Investments says the corn market is still trying to digest the shock of USDA’s January reports. March corn futures came within striking distance of the Aug. 12 low at $4.10.
After years of losses, debt is piling up and new government payments won’t fill the hole. At a breaking point, more farmers are expected to leave the business this year, some by choice, others forced out by lenders.
Brad Kooima with Kooima Kooima Varilek says strong cash has been supportive of the cattle futures and he expects a higher week in the fed market again this week. Grains are still digesting USDA’s bearish reports.
Economists say cash rent acre expansion comes at too high of a cost with low commodity prices and high input prices.